Securities Class Clings To $39M Claim In WaMu Ch.11

Law360, New York (August 13, 2009, 6:38 PM EDT) -- Plaintiffs in a securities class action against Washington Mutual Inc. have asked the bankruptcy court not to throw out their $39 million claim against WaMu, despite the company's argument that it's no longer liable because it was dropped from the suit.

The creditor plaintiffs, New Orleans Employees’ Retirement System and MARTA/ATU Local 732 Employees Retirement Plan, filed their response to WaMu's objection to their claim on Wednesday in the U.S. Bankruptcy Court for the District of Delaware.